What Is Timiza’s Loan App?
The Timiza loan app is one of the most innovative mobile banking apps ever created. Anyone in Kenya can apply for low- and high-cost loans instantly by simply tapping their device.
Timiza can help you with any money-related issue, from borrowing money to repaying back loans and purchasing insurance plans.
Requirements & Eligibility for Timiza Loans
You’ll find some restrictions on an app that makes it easier to get a loan, of course. Every Timiza loan app user must adhere to a set of guidelines. To join the Timiza loan app family, applicants must meet the following requirements. They’re as follows:
You must be a Safaricom customer to use this service.
Prior to submitting an application for a Timiza loan, you must have been an active M-Pesa user for at least six consecutive months.
To qualify for a Timiza loan from Barclay’s Timiza app, you must make regular transactions.
An active M-Pesa or Safaricom phone number is required.
As a Kenyan national, you must have a government-issued ID. As a side note, a Kenyan passport will not suffice to prove your identity.
How Do I Sign up For Timiza?
When things are bad, people tend to look for quick fixes.
As a result, people tend to take a break when they’re in a dire financial situation and no help seems to be forthcoming.
For Kenyans who have had to deal with these kinds of issues recently, there is good news. You can use an easy-to-use mobile app to transfer and receive loans while remaining in a marginalized and unbanked position.
To use the money access, you don’t need a bank account. Isn’t it wonderful, isn’t it?
Now that you’ve decided to apply for a Timiza loan online, you’re probably wondering how to get started. We will take care of you right away.
Step-by-step instructions are as follows:
Open Google’s Play Store on your Android device.
Play Store’s search function can be used to find the Timiza app.
You’ll need to locate it and then click the “Install” button.
Download and run the app on your mobile device (the preferred device is Android)
The installation process will begin when you press the “Install” button.
Simply click on the icon to begin using it.
Whenever you make or receive a call or receive a message, you will be prompted to grant permission.
Indulge in the prompts.
Complete the registration process by entering your Safaricom phone number.
Finally, you’ll be prompted to enter a password for the app during the installation process.
Each time you launch the app, you’ll be prompted for your password.
What’s the Best Way to Use This?
Your application should be up and running as soon as you finish the registration process and set up a pin for your account. Use the app by logging in with the necessary credentials.
As soon as you log into the app, your credit limit will be displayed. Borrow a loan by following these steps:
Select the ‘My loans’ icon.
Request a loan by clicking on the ‘Request a loan’ icon.
Input the amount of money you need.
The ‘continue’ button can be pressed.
See how simple it is to apply for a loan through Timiza by following the steps listed above?
What is Timiza’s maximum loan amount?
Between Ksh 50 and Ksh 100,000 is the typical loan limit on the Timiza app.
Your repayment history will have a significant impact on your credit score, which will serve as an important factor in determining future loan amounts.
M-Pesa services usage, credit on the zidisha savings account, and transaction activity on the Timiza account must be increased in order to increase the Timiza loan limit.
Without an App, how Can You Get a Timiza Loan?
SMS to Barclay’s Timiza account can be sent from the Safaricom line linked to Barclay bank by dialing *848#.
Within three business days, you will be approved for a loan.
The M-Pesa Paybill Number Is Used to Pay Timiza Loans.
Do as instructed by Barclays bank to repay or deposit the Timiza loan.
Open the M-Pesa menu on your phone or tablet to get started.
Select ‘Pay bill’ from the drop-down menu.
Please enter the following identifier: 300067
Use the phone number you registered with as your account number if you’ve already done so.
Enter the amount you’d like to recoup and click “Submit.”
M-Pesa pin: Enter the pin
Set the timer to “OK.”
If M-Pesa confirms the transaction, they will notify you via email.
The Timiza Loan Interest/charges
Loan fees include CBR + 4%. (1.083 percent )
Penalties for Missed Payments
A 5% rollover fee will be charged to anyone who exceeds the outstanding loan amount.
Barclays Timiza Loan App Download Instructions
It’s not difficult to get the app and get started with it. Any fifth grader can do this with no problem. Nowadays, the real challenge is finding the app you’re looking for, as there are a plethora of fakes to choose from.
There are a few things you need to keep in mind, however, when it comes to installing or updating the app.
For People Using Android Devices
The Timiza app for Android can be downloaded and updated for free by visiting this link.
Users of Apple’s iOS and iPhone
This app is readily available on the Apple App Store for iOS users. But if you’re still having trouble, click here to download the app from the Apple App Store.
You can download and update the latest version of the Timiza app by using the same links that you used before.
Visit Apkpure.Com to Download the App’s Apk File.
The Timiza loan app is the fastest and most convenient way to get a loan quickly.
There is no need to waste time filling out a lengthy loan application form, which is the best part.
You can also avoid the crowded banking halls by using Timiza’s mobile money transfer feature.
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